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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

I earn a 6 figure salary...

552 replies

herehearher · 09/07/2022 09:49

Just reading another thread and pretty much every post is going on about "6 figure salary" - as if this is some sort of meaningful marker.

But obviously there's a massive difference between someone on £100k and someone on £900k. So by "6 figure salary" are they just essentially saying they earn around £100k? If they earned £250k, how is it acceptable to describe that?

OP posts:
gf4567hfdd · 09/07/2022 11:38

That was meant to read private sector

CoastalWave · 09/07/2022 11:39

So after tax, £5400 a month>

We earn nearly that between myself and my husband and we are bloody skint. Seriously.

I can understand if two people are earning 6 figures that's a lot, but if your mortgage is £2k and your childcare is £2k leaves £1400 a month for everything else. Hardly rolling in it?

Getoffmyshoes · 09/07/2022 11:41

Itisasecret · 09/07/2022 10:05

My husband is on a 6 figure salary, more than 100k and into 45% tax. Why would you specify how much? Beyond 60 % tax and onto 45% or just tipping into the 60% tax. I have to say though, you have a point. Between 100-125k a person would be wise to throw everything over 100k into a pension. The tax rate is pretty disgusting at 60% and it’s why much talent moves away. I don’t think it’s ever occurred to him to highlight his salary to be honest.

It’s certainly occurred to you to highlight it though 😂

Moancup · 09/07/2022 11:44

The “not rich in London” terms is overplayed.

Unless you have a partner who doesn’t earn at all, one person clearing £100k puts you in a very decent place. Everyone I know in this bracket in their late 30s has a decent house, big mortgage, big renovation costs, big nursery fees and still manages holidays etc. But none of them could afford for the other parent to stay home.

BiFoldChampion · 09/07/2022 11:44

There has to be more that earn above £100k I mean NQ lawyers in the regions are on £65k now if not more.

i know a lot of people on hefty money.

WheresTheLambSauce · 09/07/2022 11:46

motogirl · 09/07/2022 10:31

I think most people mean in the 100-150k mark when they say it - it means you should be on paper finding life financially easy but many are struggling with very high outgoings, arguably overstretched on their mortgage so they don't have the affluent lifestyle you would imagine. We fall into this income category but we are far from rich, that said we are saving £2k a month for retirement, because of our age we need to

You put more into savings per month than I earn per month 😅 It’s fascinating how the benchmark for wealth can shift so much from person to person.

Greenberg · 09/07/2022 11:47

It all so depends on your circumstances, doesn't it? £100k if you live in central London and have five kids and are a SP is very different from a single person with no kids living in Sheffield on £900k.

However, if you're on £100k you're still well above the average income wherever you live, but wouldn't necessarily have more disposable income than someone with a lesser salary but different circumstances.

Blueberrywitch · 09/07/2022 11:49

DameCelia · 09/07/2022 11:04

Another one here who earns six figures and is always amused to see herself described as 'mythical'!
Part of the problem is that we don't talk to our daughters about what various jobs actually pay. We encourage them to think about what they love. Which is great but ignores the reality that some roles pay a lot more than others.

this is such an important point. I started uni literally not knowing how much various jobs earn, apart from vague family noises to “be a lawyer” (which I didn’t manage FYI lol). I genuinely had no idea about the relative warning potential of different fields and what was possible it you couldn’t manage to be a lawyer.

Walkaround · 09/07/2022 11:49

@Itisasecret - except it has got to the point that in some sectors there is a recruitment crisis, because too many talented people are now avoiding working in sectors society has a massive need for and opting for areas where there is less immediate need, but greater opportunity for personal enrichment. That’s the sign of a sick society, imvho, not one that understands how to value people properly. And the opportunities for personal enrichment in the financial services sector, which appears to have included turning industrial scale blind eyes towards money laundering and corruption and allowing dirty money to flood into the UK in particular, have been inflated for a very long time, to the long term detriment of the entire world.

EthicalNonMahogany · 09/07/2022 11:51

@gf4567hfdd spot on.

ihavenocats · 09/07/2022 11:52

Don't know love. We are on around 40K with one child but no mortgage and we're absolutely fine. Living in a cheap part of the country helps massively.

NeverDropYourMooncup · 09/07/2022 11:53

floweringpoppies · 09/07/2022 09:59

🤣🤣🤣🤣 I'd love a 6 figure salary, so many can only dream of it!

I've got a SEVEN figure salary.

The Term Time Only contract/Part Time Equivalent means there's 59p at the end of the other numbers.

I like thinking that at least half of the six figure salary posters are actually trying to hide that they're earning £13,267.68 a year.

RJnomore1 · 09/07/2022 11:53

Lipsandlashes · 09/07/2022 11:25

virtually no one on MN is being truthful about their salary. If they were it would mean that the top one percent of earners were all Mumsnetters - highly unlikely as most of these will be men anyway

I was reading some really interesting stuff and salaried in Scotland and equality yesterday and your right, women high earners are a significantly smaller percentage of women than men are of men. Which is a bit depressing.

RJnomore1 · 09/07/2022 11:53

Sorry on salaries

NeverDropYourMooncup · 09/07/2022 11:54

NeverDropYourMooncup · 09/07/2022 11:53

I've got a SEVEN figure salary.

The Term Time Only contract/Part Time Equivalent means there's 59p at the end of the other numbers.

I like thinking that at least half of the six figure salary posters are actually trying to hide that they're earning £13,267.68 a year.

Dammit, I meant £9,267.68.

Can't even write my own jokes. (stomps off in embarassment)

HangOnToYourself · 09/07/2022 11:57

5zeds · 09/07/2022 11:35

I worked 3 jobs to get myself through Uni and went on to do my PhD. Both DH and I earn 6 figure sums and he is also working class from a very poor background. It’s not about lucky breaks or knowing people in the right places FFS. so speaks privilege. That you could work three jobs probably means you are not nor do you need a carer, that you are strong and healthy. That your background did not cripple you socially nor crush your self esteem. That you are robust and resilient, characteristics that come from good learning experiences. That you are unlikely to have been raised by addicts or someone with significant disadvantages themselves. In other words you got lucky.

That's not a fair statement, I grew up in a very abusive home and have battled anxiety and depression for years as a result. I fought really hard to better myself to make sure I gave my son a better life than I had. I'm not a 6 figure earner but at 35 in the north I earn 70k which is more than enough.

Itisasecret · 09/07/2022 11:58

5zeds · 09/07/2022 11:35

I worked 3 jobs to get myself through Uni and went on to do my PhD. Both DH and I earn 6 figure sums and he is also working class from a very poor background. It’s not about lucky breaks or knowing people in the right places FFS. so speaks privilege. That you could work three jobs probably means you are not nor do you need a carer, that you are strong and healthy. That your background did not cripple you socially nor crush your self esteem. That you are robust and resilient, characteristics that come from good learning experiences. That you are unlikely to have been raised by addicts or someone with significant disadvantages themselves. In other words you got lucky.

Again bollocks.

I was raised by an addict, I have significant trauma in my background. My husband was raised by an addict and has a different type of trauma in his background.

We worked bloody hard to change the course of our paths and break those generational curses.

The ignorance that people who do well must’ve come from privilege has to stop.

Gentleness · 09/07/2022 11:58

I too find it strange. The lowest end of 6 figures is huge, so I presume it is just a shortcut to saying you're in the top 1%. Nobody says 5 figures.

I haven't looked at that thread, but I would presume IF you are going to mention your salary online you'd employ some kind of grouping: 100k+, 250k+, 500k+. What's the point otherwise?

PizzaPatel · 09/07/2022 11:58

@Itisasecret what @Perfect28 actually said was that low earners OFTEN work harder than high earners - not that they always or even mostly do.

Im not a high earner but my DP is and we both agree that I work harder than him. Not to say he hasn’t worked extremely hard to get where he is and I don’t begrudge him his job but it is true that once you make it, you sometimes have the freedom to set your hours, work from home, be flexible and you’re less likely to be working under someone. You’re also far less likely to be working in the public sector where hours are long and pay is low.

none of this is ALWAYS true of course but there’s no reason to find the idea that it’s often true challenging.

PupInAPram · 09/07/2022 11:59

@Itisasecret your husband is the exception that proves the rule. Patterns of inequality in British society are really persistent. I mean, Angela Rayner left school as a pregnant teenager and worked as a carer but is now deputy leader of the opposition. The people running the country are still massively skewed towards public school, Oxbridge and privileged upbringing.

Alexaspartyline · 09/07/2022 12:01

do any of you masturbate over these threads?
they're so vulgar and desperate, MN is pretty broken, lol.

what self respecting individual discusses their income on a public forum full of tabloid ghouls? A desperado, that's who!

VioletInsolence · 09/07/2022 12:02

MorningMountainDew · 09/07/2022 10:23

Completely agree with @Itisasecret everyone can get that break or opportunity if they want it. I grew up on one of the roughest housing estates in Paisley. Google Ferguslie Park and you’ll see what I mean.

I worked 3 jobs to get myself through Uni and went on to do my PhD. Both DH and I earn 6 figure sums and he is also working class from a very poor background. It’s not about lucky breaks or knowing people in the right places FFS.

Can you not grasp the point that just because this is your situation, it’s actually quite rare? You’re betraying your roots by essentially saying that all your fellow council estate dwellers could have done the same as you if they’d just pulled themselves up by the bootstraps and stopped being so lazy.

You worked very hard but it was much harder for you to get where you are because of your background. It takes a heck of a lot of motivation to get yourself out of it and we’ll done for doing that but most people don’t have the energy.

Peanutbuttercupisyum · 09/07/2022 12:03

Itisasecret · 09/07/2022 10:12

Sorry, that is bollocks.

My husband and I are both working class, the first to obtain degrees in our family. We work bloody hard for our qualifications and opportunities. I’ve been skint, homeless, lived in council housing, full benefits, the lot.

My husband is an extremely high earner, he worked hard to get where is is and he works bloody long, high pressured days to command his salary.

Enough with the bitter, sweeping statements. Green isn’t a nice colour. Plus, it’s utter crap.

I agree that it’s total rubbish. My DH is on a high 6 figure salary and it always hits me when on parenting threads and others when people speak of “eating dinner as a family” and both parents doing bath time and taking turns to go out to do their “hobby” in the evening…none of those things have EVER happened in our family. He works 14 hour days endlessly!

mizzo · 09/07/2022 12:03

The suggestion that people earning 100k+ plus just sit on their arse is what I have an issue with. They don’t.
There are people in the private sector earning 100k who don't work particularly hard though, they're busy and there's usually an element of pressure but it's not hard work.
My neighbour earns over £100k, works mostly from home usually school hours never works weekends, making phone/zoom calls for a few of hours, then a couple of hours golfing followed by an hour in the office, once a weekish an in person meeting in a swanky hotel accompanied by a lavish lunch or dinner and drinks. He's the first to say he's on to a good thing.

Alexaspartyline · 09/07/2022 12:04

Oxbridge, check!
Six figure, check!
"we worked bloody hard", check!
SEVEN FIGURE SALARY, check!

If you earn so much simply sitting on MN all day awaiting tragic salary posts, I call bullshit.